Smart Textile Market 2015-2019: Forecast and Analysis from Technavio

April 29, 2015 | By Business Wire News

LONDON

Increased demand for tele-health services has resulted in the growth of the global smart textiles market, which is expected to post a CAGR of 18.20% from 2015-2019, says research firm Technavio.

About the Report

Smart garment medical devices like t-shirts, socks, stockings and insoles are manufactured to monitor the physiological condition of patients. These smart garments help monitor heart rate, temperature, movement and respiration, motion details and muscle activity.

“Telemedicine monitoring devices have recently seen strong uptake for monitoring a patient’s condition remotely. This demand from the tele-health sector is expected to be a boon for the textile industry through the projected period,” says Faisal Ghaus, Vice President of Technavio.

Furthermore, the latest market research report by Technavio draws attention towards the growing need for unique properties in fabrics. Smart textiles are lightweight, flexible and strong, and can be used in a wide range of applications.

“Textiles are integrated with electronics to produce revolutionary new products to meet the ongoing demand for better equipped materials,” says Ghaus.

Market Scope and Calculation of Market Size

This report covers the present scenario and the growth prospects of the global smart textiles market from 2015-2019. To arrive at the rankings of the major vendors in the market, the report considers the revenue generated by these vendors.

Key Information Covered in the Report:

Key Vendors:
- Infineon Technologies
- Ohmatex ApS
- Texas Instruments
Market Growth Drivers:
- Increase in demand for telehealth services
- For a full detailed list, view our report.
Market Challenges:
- Providing efficient power supply
- For a full detailed list, view our report.
Market Trends:
- Need for lightweight and flexible fabric
- For a full detailed list, view our report.